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20121207
20121207
Search Results 0 to 10 of about 11 (some duplicates have been removed)
department says sandy had only a minimal effect. is it true a clean number and what are conspiracy theorists saying. >>> a comment hastings made last july. what does it say about s.e.c. rules and whether they are out of date. >> mcdonald's will post same store sales on monday gets an upgrade to buy taking the forecast to a street high after surveying franchisees. we begin with november jobs number. 146,000 nonfarm jobs added last month above forecast of 80,000. october and september payrolls were revised lower. unemployment rate fell by 0.2 to 7.7. that's the lowest in four years. the dip occurring mostly because more people stopped looking for work and were not counted as unemployed. as for hurricane sandy, the labor department says the storm did not substantively impact the november results and that probably was the biggest surprise to everybody. >> this is a very strong number. i think only u.s. government now can stop this kind of job growth. a fiscal cliff go over -- >> snatching victory from the jaws. >> a superstorm. nothing can stop the generation of jobs in this economy. >> there's
. >>> we're going to find out how hard super storm sandy slammed the economy with the government's november jobs report. economists fear sandy battered hiring with estimates of 80 to 93,000 jobs added. that's compared to 171,000 in october. >>> well, good news though from yesterday's weekly jobless claims which held steady right around the pre-storm level. >>> elsewhere, apple says it will begin making one of its mac lines here in the u.s. next year. >>> growing criticism across the pond. starbucks is foregoing certain tax deductions that helped reduce its tax bill to zero in britain agreeing to pay $32 million it does not owe. >>> the securities and exchange commission says netflix chief reed hastings may have violated fair disclosure rules with a facebook post saying monthly streaming hours had past 1 billion. netflix stocks soared 6% that day. >>> ibm is revamping its retirement plans contributing to employee 401 k accounts just once a year. >> "the wall street journal" reports the washington post will soon begin charging for online articles after a certain number of free ones. >>> sad n
say the slow down in nonfarm payrolls will reflect the effect of sandy. joining us this hour is bank of america merrill lynch global research senior research economist michelle mire and we'll talk through everything that's been happening through jobs and what to expect. but first, there is a developing story. an earthquake off the northeast coast of japan triggered a tsunami warning. the warning has been lifted, but it was a 7.3 quake. so far no reports of any injuries or damage. it was for the same area devastated by an earthquake and tsunami back in march of last year. we will continue to bring you any developments. in the meantime, steve has some of the morning's top other stories. >> let's start with the markets. asian stocks rallying to 2012 highs overnight. the nikkei edging lower after hitting a se hitting hitting a seven month closing high yesterday. european trading, shares seem to be fwllat. bundesbank announced it had cut its growth outlook for the country. in the u.s., the nasdaq snapped its losing streak yesterday with its first gain in five days. the dow was on pace for
. >>> we get a critical snapshot of the economy this morning. when we'll learn if hurricane sandy also devastated the nation's job market. >>> incredible crash. a jewelry store gets a drive-through. an employee inches from a very different outcome. >>> and 24/7? is round-the-clock shopping the next trend in holiday retailing? one megadepartment store is betting on it. >>> good friday morning, everyone. we do begin with breaking news out of japan right now. a strong earthquake hit the northeastern part of the country this morning. and it has triggered a tsunami warning. >> the quake measured a 7.3. it was centered in the pacific ocean. it was strong enough to cause buildings to sway in tokyo for several minutes. abc's akiko fujita is in tokyo with the very latest by phone. high, akiko. >> reporter: you're right. this quake hit about 5:18 p.m. local time. this is the largest quake we have felt in tokyo this year. to give you an idea of the intensity, in japan, they have a one to seven scale. this was about a five. it's a very strong quake, felt all the way out here. the big concern right
. after the lighting the president directed some of his remarks to the victims of hurricane sandy. >> and this holiday season is especially difficult for families who lost everything in the storm. but it's also a time for us to be grateful for the heroism and perseverance of ordinary men and women in the storm's path who have showed us that americans will always be stronger than the challenges that we face. >> well, what i liked about watching and listening today was that you didn't issue the combover alert, so your hair was blowing over to one side. >> thank heavens. it was definitely chilly, but it's been way colder other years, so that was good, but i saw baby face edmonds performing with only a scarf and a jacket and i thought i bet he hopes he only has to do one number. it was a wonderful evening and it's a beautiful tree, too. >> is it gorgeous. >> it's brand-new. -- it is gorgeous. >> it's brand-new. it was found in northwestern virginia. they put it in right before hurricane sandy. president obama made the comment that anyone can lose their job in washington, even the nati
-- smoke rings at seattle's space needle. >>pam: the aftermath of hurricane sandy is driving business in washington today. as the senate meets to talk about the storm's impact on transportation, the push for state aid continues from high-profile advocates. emily schmidt has more from washington. >> it didn't take long to see hurricane sandy's damage was bad. now--- officials are beginning to say just how bad. the numbers emerged at one capitol hill hearing after >> fema has provided over 14 million meals, over 16 million liters of water, over 1.6 million blankets, and over 100,000 tarps. >> hundreds of thousands of families have had to go from their homes. >> one subway station, south ferry, is going to cost over 500 million dollars-- nearly 600 million --to repair. >> families impacted by the storm say it's been a huge blow. >> it doesn't feel like new york, i feel like i am in a third world country right now >> so the governors of two states hard hit by sandy are taking their case to washington: new jersey governor chris christie meeting with white house and capitol hill officials t
in november. superstorm sandy may be part of the reason job creation slowed. but worry over the fiscal cliff may have also had an immaterial pact. some economists believe that 200,000 fewer jobs thhave been created this year, due to uncertainty about the fiscal cliff. >> it's very important we get it done now. >> reporter: republicans and democrats are talking again. but still, no breakthrough. the parties are locked in a stalemate. president obama is demanding that higher tax rates for the wealthy and a permanent extension of the debt ceiling, the government's ability to borrow money, be part of the deal. >> he's assuming unprecedented power to spend taxpayer dollars out any limit at all. >> reporter: republicans who say they're open to raising tax revenue say they will only do so in exchange for deep spending cuts. if washington can't strike a deal, one casualty will be compensation for the long-term unemployed. that means people like linda vega, are worried. >> christmas and things of that nature are probably off the table. >> reporter: aides to president obama and speaker boehner met yes
not only because of the election, maybe firms sitting on their hands but superstorm sandy. still, guys, the number much better than expected. few tuesday, which were down right before the numbers hit, turned around. they are now higher fractionally so a big turn for stock futures and better than expected jobs number for november. i can dig in more once i get to the website. but those are your headline numbers. better than expected. >> gillian, better than expected. a lot of people blamed hurricane sandy again but that's encouraging. >> i have two economists, a liberal, who both said it was going to be somewhere between 80,000 and 100,000 jobs -- say that go sandy was worth 80 -- negatively 80,000 to 100,000. you take 146,000 and this could have been a 200-plus number. >> it's interesting because it ties in with consumer data we've been seeing which actually, you know, is not great. it's not buoyant, but it's not bad. and you look at the fact what american households have been doing recently with debt and the degree of debt they've been repaying, sort of deleveraging. you add it togethe
and transportation that were damaged by super storm sandy. the initial estimate for the damages $7 billion. new york's metropolitan transit system says much of their train tunnels, station and critical of equipment have been destroyed. the port authority of new york and new jersey which operates three airports say they are still trying to calculate their recover costs. >> on a quick break as the kron4 morning is returns. we are watching traffic moving slow some of the and traffic here. [ female announcer ] this is a special message from at&t. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on, for two whole years. from at&t. [ female announcer ] a great price for a great triple-play bundle. [ male announcer ] call now. bundles with u-verse tv, internet and home phone start at $89 a month. now get the same great price for two years. [ female announcer ] switch today and get a total home dvr included, free for life. [ male announcer ] you g
Search Results 0 to 10 of about 11 (some duplicates have been removed)

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